Mexico Economy Rebounds In Third Quarter

Mexico’s gross domestic product (GDP) grew an annualized 4.0 percent in the third quarter after contracting 0.7 percent in the second quarter, according to the government’s advance estimate. More recent data on employment, retail sales and exports also improved, but industrial production fell. Inflation ticked up in September, and the peso held steady in October. The consensus 2016 GDP growth forecast was unchanged in October at 2.1 percent.